Cellular Technologies manufactures capacitors for cellular base stations and other communications applications. The company's July 2018 flexible budget shows output levels of 7,500, 9,000, and 11,000 units. The static budget was based on expected sales of 9,000 units. The company sold 11,000 units during July. Its flexible budget and actual operating income was as follows: (Click the icon to view the flexible budget.) (Click the icon to view the income statement.) Read the requirements. Cellular Technologies Flexible Budget Performance Report For the Month Ended July 31, 2018 1 2 3 4 5 (1)-(3) Flexible (3) - (5) Sales Budget Amounts Actual Budget Flexible Volume Static Per Unit Results Variance Budget Variance Budget Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income Cellular Technologies Flexible Budget For the Month Ended July 31, 2018 Budget Amount per Unit 7,500 11,000 $ 22 $ 165,000 $ 97,500 9,000 198,000 $ 117,000 242,000 143,000 13 Units Sales Revenue Variable Expenses Contribution Margin Fixed Expenses Operating Income 67,500 56,000 81,000 56,000 99,000 56,000 $ 11,500 $ 25,000 $ 43,000 Cellular Technologies Income Statement For the Month Ended July 31, 2018 Sales Revenue $ 249,000 Variable Expenses 148,200 Contribution Margin 100,800 Fixed Expenses 57,500 43,300 Operating Income $